Eyeing up foreign targets
Leading Polish IT group, Comarch, which includes the Interia.pl portal and NetBrokers, has reported strong results for 2004, with group income rising by 28 percent to zł.330 million. Last year Grupa Comarch recorded its biggest profit in its history-zł.14 million, a significant 62 percent growth on figures for 2003.
Comarch's vice-president and financial director Rafał Chwast said that to a large extent the increase in export sales is responsible for the successful growth of both income and profit in 2004. Export sales increased by 85 percent in comparison to the previous year and its value of zł.68.6 million constitutes more than 20 percent of the company's income. Now the company is looking to push further in this direction. Paweł Przewięźlikowski, a vice-president of Comarch SA, said: "We want the income from foreign sales to make up around 50 percent of our income in two to three years."
Company representatives stressed that increased employment has followed the increase in sales and income, with around 400 new workers being hired by Comarch last year.
The value of contracts acquired by Comarch in 2004 was 36.5 percent higher than the year before, which according to Chwast "guarantees the further development of the company." In the first two months of this year the portfolio of orders exceeded zł.153 million.
Comarch's vice-president and financial director Rafał Chwast said that to a large extent the increase in export sales is responsible for the successful growth of both income and profit in 2004. Export sales increased by 85 percent in comparison to the previous year and its value of zł.68.6 million constitutes more than 20 percent of the company's income. Now the company is looking to push further in this direction. Paweł Przewięźlikowski, a vice-president of Comarch SA, said: "We want the income from foreign sales to make up around 50 percent of our income in two to three years."
Company representatives stressed that increased employment has followed the increase in sales and income, with around 400 new workers being hired by Comarch last year.
The value of contracts acquired by Comarch in 2004 was 36.5 percent higher than the year before, which according to Chwast "guarantees the further development of the company." In the first two months of this year the portfolio of orders exceeded zł.153 million.
